Indonesia B40 Biodiesel Plan would be 'Disastrous' For World
KUALA LUMPUR, Oct 8 (Reuters) - A oil industry analyst on Tuesday said Indonesia's plan for the extensive use of the palm-oil based B40 biodiesel from next year would be "devastating" for the international market, as it would involve the additional use of 1.5 to 1.7 million metric lots of the product.
Oil World senior analyst David Mielke likewise said worldwide palm oil production is anticipated to increase by 2.3 million metric heaps in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)